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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil rebounds from 2017 lows

    Rocky
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    • Post n°1

    Oil rebounds from 2017 lows Empty Oil rebounds from 2017 lows

    Post by Rocky Thu 04 May 2017, 12:56 am

    Oil rebounds from 2017 lows

    economy Since 2017-05-03 at 17:22 (Baghdad time)

    Mawazine News - Follow up
    Oil prices recovered on Wednesday from their lowest levels in 2017 after preliminary data showed a larger-than-expected decline in US inventories.
    The benchmark Brent crude futures contract rose 15 cents, or 0.30 percent, to $ 50.61 a barrel by 1613 Moscow time (1313 GMT).
    Brent crude futures closed Tuesday at the lowest level since Nov. 30, when the Organization of the Petroleum Exporting Countries decided to cut production.
    WTI rose 10 cents, or 0.21 percent, to $ 47.76 a barrel, after falling 2.4 percent on Tuesday.
    The two global crude stocks fell on concerns about a decline in OPEC's commitment to a cut production agreement.
    US Petroleum Inventories showed that US crude inventories fell 4.2 million barrels last week, almost double the level predicted by analysts. The US Energy Information Administration will release the final inventory data later Wednesday.
    The decline in US stocks has dampened the decline in supply in the world markets, while a survey showed that the increase in oil pumping from Angola and the UAE's higher than expected production mean that OPEC's commitment to the production cut fell from 92% in March to 90% .

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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    Rocky
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    • Post n°2

    Oil rebounds from 2017 lows Empty Oil is recovering from its lowest level during the current year

    Post by Rocky Thu 04 May 2017, 3:04 am

    Oil is recovering from its lowest level during the current year


    (Reuters) -

    Oil prices rebounded yesterday from its lowest level this year, after preliminary data showed a larger-than-expected decline in US stocks, which revived sentiment upbeat down oversupply of crude in world markets. Global rose London Brent crude futures 35 cents to $ 50.81 a barrel.

    Closed futures contracts for Brent crude yesterday first at its lowest level since the thirtieth of November, when the Organization of Petroleum Exporting Countries decided (OPEC) to cut production.

    It rose WTI 28 cents to $ 47.94 a barrel, after having fallen 2.4 percent the day before yesterday, due to concerns about the decline in the level of commitment to OPEC agreement to cut production. American Petroleum Institute data showed late in the first yesterday that US crude stocks fell 4.2 million barrels last week, or about twice the decline predicted by analysts.

    Furthermore, the US Department of Energy confirmed that "Russia has reduced oil production by 300 thousand and 790 barrels per day in the first of this May, compared with October last year's level, which means that it has reduced its production by more than required in an agreement between OPEC and other producers.

    With the continued increase in global oil stocks, investors now focus on whether OPEC and independent producers will agree to extend the reductions of production to the second half of the year.

    http://www.aljournal.com/eco/myapp-14891/
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